Homeownership, at 65.2 percent of all U.S. households, is nearly back down to levels last seen in the mid-1990s. The most recent homeownership peak—albeit an unsustainable one, driven by private subprime lending and ill-considered public policy—was 69.4 percent. While homeownership dropped, individual bankruptcies skyrocketed, and the lingering effects of that surge are still weighing down attitudes.